Chief Accountant

Overview

Key Responsibilities

• Oversee daily accounting operations, including general ledger, accounts payable/receivable, payroll, and bank reconciliations.
• Prepare and review monthly, quarterly, and annual financial statements in compliance with IFRS and local regulations.
• Generate project-wise cost reports, forecasts, and cash flow analysis to support project managers and senior management.
• Develop and monitor project and company-wide budgets.
• Analyze variances between actual and budgeted expenditures, identifying and addressing cost overruns.
• Support procurement and operations teams in cost estimation and financial planning.
• Maintain accurate project accounting, including job costing, WIP reports, and retention tracking.
• Coordinate with site teams to verify progress payments, subcontractor invoices, and material costs.
• Ensure timely billing and collections related to project milestones and contractual terms.
• Ensure compliance with UAE VAT laws, corporate tax regulations, and financial standards.
• Coordinate internal and external audits, and ensure proper documentation and reporting.
• Monitor and manage company’s banking, insurance, and financial obligations.
• Supervise and guide the accounting team, ensuring accurate and timely performance of tasks.
• Provide training, mentorship, and performance evaluation for junior accountants.
• Collaborate with HR, Procurement, and Project departments for financial coordination.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Finance, or related field (CPA, CA, or ACCA preferred).
• Minimum 8–10 years of experience in accounting, with at least 5 years in the UAE construction industry.
• Strong knowledge of construction accounting practices, project-based cost tracking, and contract payment terms.
• Proficient in ERP systems (e.g., Oracle, SAP, or similar) and MS Excel.
• Thorough understanding of UAE VAT, WPS, and labor cost accounting.
• Excellent communication, leadership, and analytical skills.